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Pentagon Chief Unveils Plans to Buy More High-end Ships

U.S. Defense Secretary Ash Carter on Wednesday mapped out plans for the U.S. Navy to buy more high-end submarines, destroyers, fighter jets and unmanned underwater vehicles using $8 billion in savings generated by scaling back orders for smaller Littoral Combat Ships. Carter said the Pentagon's five-year budget plan also included $2.9 billion to modify Raytheon Co's SM-6 missiles for use as powerful anti-ship weapons, and buy 625 more of the weapons, which are now used for missile defense.